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Tidy Tidy
wrote...
Posts: 4852
9 years ago
If a perfectly competitive firm's price is above its average total cost, the firm
A) is earning a profit.
B) should shut down.
C) is incurring a loss.
D) is breaking even.
Textbook 
Essentials of Economics

Essentials of Economics


Edition: 4th
Authors:
Read 164 times
2 Replies
Repeat after me: 'Calm down. Things are gonna be fine. Things are gonna be all great. Just relax.' Wink Face
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Answer verified by a subject expert
SmooothSmoooth
wrote...
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Posts: 5500
9 years ago
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8 years ago
Don't mention it Happy Dummy
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